Economic Growth Lifts Health Care

As economists argue about trajectory for the U.S. economy, future Federal Reserve policy, rate hikes, and effect of the G20 and China tariff truce, we are missing some big wins.  As 2018 comes to a close, some U.S. sectors are doing exceptionally well -- and the credit belongs with the Trump administration. You have heard it:  The U.S. economy is booming, but dragged down by health care inefficiencies.  Both facts are true.  But look deeper and another reality becomes clear. Republican House and Senate leaders helped roll back ObamaCare’s oppressive mandates, a good start on what remains to be done.  As a direct result, some parts of the health-care sector are moving briskly ahead.  In fact, the numbers -- and a few examples -- make the case that even this sector is becoming a beneficiary of recent changes in the regulatory and tax environment.  Specifically, as the overall economy has grown, from a rate of 1.5 percent in 2016 to 3.4...(Read Full Article)